Common use of Assignment and Acquisition of Receivables Clause in Contracts

Assignment and Acquisition of Receivables. On the Closing Date and on each Funding Date, subject to the terms and conditions of this Agreement, the Transferor agrees to absolutely assign to the Purchaser, and the Purchaser agrees to acquire from the Transferor, the Receivables and the other Trust Property relating thereto.

Appears in 5 contracts

Samples: Transfer and Assignment Agreement (Capital One Auto Finance Trust 2002-A), Transfer and Assignment Agreement (Capital One Auto Receivables LLC), Transfer and Assignment Agreement (Capital One Auto Receivables LLC)

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Assignment and Acquisition of Receivables. On the Closing Date and on each Funding Date, subject to the terms and conditions of this Agreement, the Transferor agrees to absolutely assign to the Purchaser, and the Purchaser agrees to acquire from the Transferor, the Receivables and the other Trust Transferred Property relating thereto.

Appears in 1 contract

Samples: Transfer and Assignment Agreement (Capital One Auto Receivables LLC)

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